People who come up with better, cheaper, or completely novel products or services raise the standard of living for all of us. Blockchain technology is one example, and it's already impacting a variety of industries including finance, data security, and real estate. While these current applications of blockchain are great, it has the potential to do much more as long as it's not smothered by government regulation.
Blockchain is essentially a public ledger that safely and securely records transactions. Many well-known cryptocurrencies, such as bitcoin, rely on blockchain technology, but the technology itself has a variety of potential uses. Some people see blockchain as a way to facilitate investments in alternative assets, such as rare paintings, while others believe it can transform the construction industry by making it easier to keep track of materials and permits.
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